What is value of european put option on index a strike price


Assignment:

A stock index currently stands at 300. It is expected to increase or decrease by 10% over each of the next two time periods of three months. The risk-free interest rate is 8% and the dividend yield on the index is 3%. What is the value of a six-month put option on the index with a strike price of 300 if it is (a) European and (b) American?

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